Since the definition of economic growth does not take into ...

[K@]

Since the definition of economic growth does not take into account the growth of the country's population, the income of the average person in a country with high real GDP growth could be declining through time.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Arrange the following goods from least to most elastic, explaining your ordering: gasoline, Shell gasoline, and Shell gasoline at a particular gas station.

[FergA]

Answer to Question 1

True

Answer to Question 2

Gasoline is least elastic, since there are few substitutes for it available to power automobiles. Shell gas at a particular station is most elastic, since one can substitute other Shell stations or other brands of gas.

[K@]

TYSM

[cpetit11]

Thanks for the timely response, appreciate it